FORTY SEVEN: LINKING UP THE FINANCIAL WORLDS

The financial industry has been unarguably influenced positively by the ever evolving everyday technology that keeps pushing new phases of development. Fortyseven as an institution was created solely to serve as an intermediary between digital currency and monetary economies.

With full compliant to all the key bank directives and requirements, the platform offers sales and purchase feature, investment and exchange options alongside current accounts and crypto-saving. One of the landmark innovation that surely makes the platform standout is the multi-asset account which brings together a client’s every account together on a single platform for better management with the inclusion of crypto currency accounts and easy tracking of investments from all the added banks.

Cryptobonds, another interesting addition will be traded on an entirely different platform(s). With the availability of bank experts, companies are offered a way out on the platter of gold regarding sorting out issues that might have occurred with their bank accounts.

THE MISSION OF FORTY SEVEN BANK

Provision of an innovative financial services that are user friendly for prospective clients. We tend to infuse the native way of banking with the crypto world in order to provide unique opportunities.

FORTY SEVEN’S PARTNERS

THE VALUES

Customer satisfaction

Profit for all stakeholders

Transparency

Innovativeness

Financial stability

Security and privacy

Market share growth and worldwide expansion

Effectiveness and user-friendly procedures

PRODUCTS AND SERVICES

With clients ranging from private persons to business owners, developers and traders, our products and services are aimed towards every one of these clients regardless of their status quo.

PRODUCTS FOR PRIVATE PERSONS

At forty seven bank, the services and products available for use by private persons includes but not limited to insurance, payment and transfers, investments, cash withdrawals at ATMs, payment history & analysis, deposits/loans, smart and efficient support.

PRODUCTS FOR TRADERS

INITIAL COIN OFFERING (ICO)

The forty seven bank token is abbreviated FSBT and is based on the ERC20 standard and also in future through smart contracts. The forty seven bank token holders can exchange ETH into FSBT but for now, the token will be exchanged for ethereum and bitcoin at the price of 0.0047 ETH per token.

The first round of the ICO started on 16th November 2017 and ended on 16th December 2017. The second round of the ICO is yet to be announced. The forty seven bank softcap is valued at 3600 ETH while the hardcap is valued at 36000 ETH.

One token – 0.0047 ETH

ICO Hardcap – 36000 ETH

ICO Softcap – 3600 ETH

Duration of ICO round 1: 16 November – 16 December, 2017

Duration of ICO round 2/3: to be announced soon.

BONUS STRUCTURE

ICO Round 1: 30% bonus

ICO Round 2: 20% bonus

ICO Round 3: 0% bonus

TOKENS

Abbreviation: FSBT (Forty Seven Bank Token)

Actual rate: 1 FSBT = 0.0047 ETH (including current bonus)

Maximum amount of tokens to be generated: 5 555 555 FSBT

Softcap: 3600 ETH.

Hardcap: 36000 ETH.

Accepted currencies on ICO: ETH, BTC

ICO: now – 30.042018.

TOKEN DISTRIBUTION

Contributors – 90%

Founders – 5%

Bounties – 5%

ROADMAP

2016

OCTOBER – idea to create the innovative bank that will offer product and services for cryptocurrencies

2017

FEBRUARY – beginning of work, team building, research and market analysis

MARCH – development of detailed plan of the project

APRIL – construction of financial model of the bank, preliminary calculations.

MAY – decision of attract financing through ICO

JUNE – preparation for documents necessary for ICO

OCTOBER – ICO smart contract test period

NOVEMBER – ICO start

DECEMBER – development of procedures and creation of document base for the bank

2018

FEBRUARY: deployment of software

APRIL: application for EMI, PI and trading authorization at FCA

MAY: connection to SWIFT

JUNE: passage of QSA PCI DSS level 1

JULY: receipt of EMI,PI and trading authorization from FCA

AUGUST: start of products and services offering to FSBT token holders

SEPTEMBER: start of products and services offering to private customers

NOVEMBER: application for banking license

2019

MAY: receipt of banking license and part of products and services offering to business customers and developers

JUNE: bank begins to attract deposits and offer full range of products and services.

OUR TEAM AND ADVISORS

Aleksandrs Malins – Chief Executive Officer, Member of the board

Igors Astapciks – Chief Operational Officer, Member of the Board

Vladimirs Tomko – Chief Marketing officer, Member of the Board

Mihalis Skoblovs – chief Financial Officer, Member of the Board

Ariistoteles Vargas – Head of Financial market development, Member of the Board

Anton Azamatov – Chief Technical Officer

Edgars Abols – Chief legal Officer

Lilija Kovalcuka – Art Director

Jevgenijs Lesevs – Head of Internal Audit

Vitalijs Grundsteins – Project Manager

Kristiana Stauere – Lead Analyst

Nana Zhang – Community Manager (Asia)

Victor Chow – Founding and Managing partner, LVL88

Claude Chi – Chief marketing Officer, Afterpiece Investment

Morten Hansen – Head of Economics Department, Stockholm School of Economics in Riga

OBJECTIVE CONCLUSION

The fortyseven bank with its unique services will without doubt affect the world in the most effective and unexpectedly positive way. Be a part of the team that is driving towards success at a very high speed. For more detailed information about the fortyseven bank project and to be in the know about our every change(s) simply follow the links below this article.